The Faster Payments Initiative may help businesses shorten clearing times for financial transactions, and benefit personal banking consumers by ensuring that transactions and bill payments are completed in a timely fashion. However, fraudsters will look to exploit any system vulnerabilities to their advantage. Shorter...
By using cognitive fraud detection across different security layers, financial service providers can detect fraud more accurately and quickly than ever before, as well as better preserve the user experience.
Download this whitepaper and learn how to:
Reduce the number of false positives your organization faces so...
Police in Europe have arrested 17 suspects as part of an EU-wide investigation into ATM black box attacks, Europol says. These "jackpotting" or "cash-out" attacks use rogue hardware to trick ATMs into dispensing all of their cash on demand.
New cybersecurity requirements for organizations regulated by the New York State Department of Financial Services (NYDFS) went into effect March 1, 2017. The new regulation will be felt far beyond the state of New York and will likely become the baseline standard for the financial services industry.
Banks often choose usability over security in their app design. They are driven to make their apps more consumer-friendly, and this often comes at the expense of building a more secure app. The result is that hackers and cyber-criminals are flocking to mobile banking apps because of their target-rich...
Direct global losses from ATM skimming are estimated to be billions of dollars annually; with losses from skimming on a single, non-bank, ATM ranging from $5,000 to $100,000, and an average $650 per card. You can combat these risks with an easy-to-use mobile friendly QR code that visually verifies transactions to...
Leading the latest version of the ISMG Security Report: A tale of how a dedicated manager spent her weekends monitoring video of ATMs led to the capture of a criminal skimmer. Also, the growing sophistication of cybercriminals.
Mayra Koury wears a lot of hats at $2 billion Tech Credit Union in San Jose. One of them is fraud investigator. Hear how she single-handedly staked out the institution's ATMs and helped law enforcement catch a skimming fraudster in action.
A discussion on how the understanding of epidemiology, immunology and genetic research processes can help developers create methods to secure information systems leads the latest episode of the ISMG Security Report. Also featured: insights on strengthening ATM defenses.
This edition of the ISMG Security Report debunks recent reports suggesting that Austrian hotel guests were locked into - and out of - their rooms by ransomware. Also, would a cybersecurity executive order from U.S. President Donald Trump advance the nation's existing efforts?
Three Eastern European men have been sentenced to five years in prison for their roles in helping a criminal gang steal $2.7 million from First Commercial Bank ATMs in Taiwan. Europol says two others involved in the thefts have been arrested in cooperation with Belarus and Romanian authorities.
Malware designed to get ATMs to spit out their cash - advanced when it first debuted - has been upgraded, according to a report from FireEye. Now, the Ploutus-D malware talks to legitimate ATM middleware, enabling it to target machines from 40 vendors. What does this mean for financial institutions?
A just-issued report from President Obama's Commission on Enhancing National Cybersecurity outlines challenges the next administration should address. Observations from one of the panel's commissioners highlight the latest episode of the ISMG Security Report.